Trying to understand the SS age 70 wait

[Turbo29]

I started SS at 62 (2 years ago). My wife has her own SS so survival benefits were not a consideration. My calculated breakeven point was between 80 to 85 dependent on ROI. The kicker for me was Legislation Risk. My assumption was I cannot count on the government not changing the rules for the next 25 years.

I've been going back and forth for several months as to whether I should start now or wait (a little less than 4yr) to 70. I had thought of changes to the rules several times but for some reason your comment crystalized it and I applied yesterday online to start in January, which will be my FRA plus 3 months. (Let's see if they get it done on time with their backlog.)

Not widely discussed is that the Medicare Part A fund is scheduled to be exhuasted by 2026. When Congress deals with that they may just decide to open the whole SS can of worms (or not; maybe they'll just deal with Medicare). Legislative tinkering may come sooner than most think.


Report: Medicare trust fund still expected to run out by 2026